Anyone who cares about the American economy knows that Mr. President is very unreliable and always thinks he is the "number one" in economic growth.

The decline in the unemployment rate is because it is very unreliable; the US stock market has risen sharply because it is very unreliable; the economic growth rate is better than expected, and it is also because it is very unreliable.

Once there is any fluctuation in the economy, the blame must be the Federal Reserve. Is the US stock market plummeting because of the Fed's interest rate hikes; companies lay off employees or because of the Fed's interest rate hikes.

According to public information, since the new Federal Reserve Chairman Powell took office, the President has "blame" the Federal Reserve eight times. He even said: "Every time we do something good, he (referring to Federal Reserve Chairman Powell) raises interest rates. It seems that the rate hike makes him very happy."

Perhaps it is because of the unreliable and intensive "bombardment" that makes the Federal Reserve a little unable to withstand it.

On the afternoon of November 8, the East Coast time of America, Powell delivered a speech at the New York Economic Club lunch meeting, claiming that interest rates are "at the moment neutral"!

This sentence gives the market the understanding: The Fed is not planning to raise interest rates for the time being!

After all, the chairman of the Federal Reserve says that the current interest rate is neutral. Since it is neutral, it is in the middle stage. If interest rates are to be raised, he will say that the current interest rate is low. If interest rates are to be cut, he will say that the interest rate is high.

Now I'm talking about a neutral one.

The market's reaction was immediately revealed.

After the media announced his speech on this short private occasion, less than two hours later, the US stock market rose rapidly, the US dollar index fell sharply, the US bond price rebounded, and the yield fell.

In this short time.

In just a few hours, the world's largest capital market. The market value of the US stock market actually rose by almost 3 trillion US dollars!

3 trillion US dollars!

99.999% of the world's countries

GDP cannot reach this number!

But a quote from a Fed chairman.

It actually has such power! So, the glory of the world economy Tsar is enough to bear the Federal Reserve!

It is worth noting that just one month ago on October 3, Powell said that "it may still be a long way from neutral interest rates."

In just two months, Powell changed his view on interest rate hikes. Is this really caused by unreliable pressure?

If you really want to understand this.

That can only be said to be haha.

East Coast Time in America.

It was about three o'clock in the afternoon.

Federal Reserve Chairman Powell ended his official duties at the lunch meeting of the private economic club in New York.

He was extremely low-key and got into a black Cadillac sedan.

The car passed through the car waves in New York and finally stopped in front of a townhouse facing Central Park in the Upper West Side of New York.

When talking about Manhattan, New York, many people will think of the noisy Wall Street, the beautiful Statue of Liberty, and the Fifth Avenue of the Upper East Side where wealthy people gather.

However, in the depths of prosperity, there is also an area with a strong humanistic atmosphere - the Upper West District.

The Upper West Side is located on the bank of the most famous "Wall Street" and is a proud art holy place for New Yorkers. It is only separated from the Financial Street area, but it blocks the bustling hustle and bustle.

To the east is the boulevard of Central Park, and to the west is the riverside park; simple-decorated restaurants and cafes are scattered around, and people usually pick a book and sit quietly in the afternoon open-air cafe, the Metropolitan Opera House, where lights are on, and see the wonderful one-act ballet "Lilac Garden"...

People say that the Upper West Side has nothing to do with busyness, but with comfort.

Upper West and Upper East.

This is basically the most expensive area in Manhattan, New York. Unlike the Upper East Side, which is mainly commercial buildings and the top-notch high-end apartments, the Upper West Side is a townhouse with four or five stories high and thirty or forty feet wide, there are more townhouses!

The English name of this type of luxury house is town house. If translated into Chinese, it probably means townhouse villas. There are almost no real single-family villas in the Upper East and Upper West Sides. This kind of villa looks very historical and real. Many of them are old houses built in the last century or even the 19th century, and there are not many independent villas here.

This kind of old house is very expensive. The closer it is to Central Park, the higher the price. This kind of house basically belongs to the old money family.

New money is on the East Coast, and most of the people live in penthouses! Only real old money can live in such a house.

The house Powell entered.

It is the kind of self-built houses in the old money that are very similar to those in China's fourth- and fifth-tier cities, with the first floor on the street and the shops on the street and people living on the upper floor.

But of course it is more luxurious, the materials are more exquisite, and the design is more exquisite. However, in terms of style, the two are really similar!

"Welcome! Mr. Powell!" A middle-aged man greeted him with a smile and shook hands with the Federal Reserve Chairman.

"Anger! Your house is so beautiful!" Jerome Powell praised, "Even on the Upper West Side or the Upper East Side! Such a house can be regarded as a work of art!"

The middle-aged man who was praised introduced proudly, "This is the House of Sefrosa! In the second half of the 19th century, around 1896! Our ancestor Andrew spent his life's assets! Buy this land and build this house!"

"After more than 100 years, the House of Sefrosa has undergone three expansions and renovations! The most recent time is 1951 in the last century! We can say without being humble that this house is a work of art and an antique! It symbolizes Sefrosa's history from Europe, with more than 200 years!"

When I report my home.

Europeans and Americans are often very proud. The theory of bloodline and bloodline here must be the most serious in the world! Even a country with more stringent ranks, in terms of family heritage, is actually not as important as those big families in the European and American worlds.

A European and American man.

If she had a good background, she would not have been as proud and proud as Angel now.

Jerome Powell nodded.

"That's right! Angel! By the way, is Mr. Adam at home?"

He asked with a polite smile.

"certainly!"

Angel Sefrosa, one of the Fed's managers, said with a smile, "My father is inside. He has prepared a bottle of red wine from 1911. This bottle of red wine was found in an ancient winery. The label on it has long been broken. I don't know where it is produced! But the taste is really good, and I have only drank it twice! It was when he was the happiest time!"

"Haha! Then I must taste it!"

Talk and laugh.

The two entered the ancient building.

Leave Jerome Powell's driver, and two polite bodyguards at the door.

In the solemn and magnificent single-family villa, the first floor is a living room-style living room-style living room-style living room-style living room-style sofas on both sides, as well as various ancient sculptures with a strong humanistic atmosphere.

On both sides of the sofa.

There are two spiraling stairs that lead to all six floors of the house. However, in the middle, among such an ancient single-family villa, there is also a new elevator that looks retro but uses various high-tech ones.

This old house in New York.

Most of them have elevators installed! For those noble old money, climbing stairs is very good for the body.

But obviously climbing stairs every day looks no different from those mud legs. It is not worthy of the identities of these old money people.

Jerome Powell was actually the first time he came here. He looked at all aspects of the welcome hall on this floor.

The first feeling is... This old money family, as long as it is not corrupted in the middle of the process, is basically very amazing in all aspects, especially in antiques and artworks.

The various items in the welcoming hall on this floor were almost all antiques, and he even saw the works of Picasso and Van Gogh in several oil paintings hanging on the walls.

In the company of Angel.

Jerome Powell took the elevator and went straight to the third floor.

Outside the elevator entrance on the third floor is a Chinese-style screen! It is an ink painting of flowers, birds, fish and insects on the other side of China, and it looks very simple, and it looks like an antique at first glance.

Bypass the screen.

The two of them came to a study room with open doors, and almost all three meters high closets on both sides of the study room.

It is full of books.

And in the middle of the study, an old man with a majestic appearance and pale hair was standing behind a desk with a smile, looking at Jerome Powell and Angel.

"Welcome! Mr. Powell!" The old man laughed and walked out to shake hands with Jerome Powell.

"Mr. Adam! Noon night!" Jerome Powell did not dare to be arrogant and shook hands with the old man with a smile.

Adam Sefrosa.

The contemporary head of the Sefrosa family in New York, chairman of the board of directors of the Federal Reserve Bank of New York, and the first shareholder.

This identity, to the eyes of foreigners, is nothing. But to the eyes of Americans who are a little concerned about current affairs, the identity of the chairman of the board of directors of the Federal Reserve Bank of New York is already amazing enough.

What is the New York Federal Reserve Bank?

Um……

It can be understood as one of the American version of central banks, although there are as many as 12 such regional reserve banks in the entire federal federal.

But the Federal Reserve Bank of New York is the largest and also has the responsibility to oversee the Federal Reserve Bank of other 11 regions!

basically.

As long as the president of this bank becomes, he will be a lifelong member of the Federal Open Market Committee and vice chairman, and the organization is responsible for setting interest rates.

in other words.

In fact, the president of this bank has the same power as the president of the central bank in China!

Adam Seifrosa is not the president, but he is the chairman of the board of directors of the Federal Reserve Bank of New York and the largest shareholder!

Even though there are hundreds of shareholders in this bank! Even if his shares are only a small 7%, this share has already given him enough control over this bank!
To be continued...